[20L1V6R51] Portfolio Management: An Overview

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基本信息：
姓名：
姓名：
班级：
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学号:
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1. Investors should use a portfolio approach to:
reduce risk.
monitor risk.
eliminate risk.
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2. Which of the following is the best reason for an investor to be concerned with the composition of a portfolio? 
Risk reduction.
Downside risk protection.
Avoidance of investment disasters.
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3. With respect to the formation of portfolios, which of the following statements is most accurate? 
Portfolios affect risk less than returns.
Portfolios affect risk more than returns.
Portfolios affect risk and returns equally.
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4. Which of the following institutions will on average have the greatest need for liquidity? 
Banks.
Investment companies.
Non-life insurance companies.
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5. Which of the following institutional investors will most likely have the longest time horizon?
Defined benefit plan.
University endowment.
Life insurance company.
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6. A defined benefit plan with a large number of retirees is likely to have a high need for
income.
liquidity.
insurance.
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7. Which of the following institutional investors is most likely to manage investments in mutual funds?
Insurance companies.
Investment companies.
University endowments.
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8. With respect to the portfolio management process, the asset allocation is determined in the: 
planning step.
feedback step.
execution step.
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9. The planning step of the portfolio management process is least likely to include an assessment of the client’s 
securities.
constraints.
risk tolerance.
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10. With respect to the portfolio management process, the rebalancing of a portfolio’s composition is most likely to occur in the: 
planning step.
feedback step.
execution step.
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11. An analyst gathers the following information for the asset allocations of three portfolios:


Which of the portfolios is most likely appropriate for a client who has a high degree of risk tolerance?

Portfolio 1.
Portfolio 2.
Portfolio 3.
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12. Which of the following investment products is most likely to trade at their net asset value per share?
Exchange traded funds.
Open-end mutual funds.
Closed-end mutual funds.
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13. Which of the following financial products is least likely to have a capital gain distribution?
Exchange traded funds.
Open-end mutual funds.
Closed-end mutual funds.
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14. Which of the following forms of pooled investments is subject to the least amount of regulation?
Hedge funds.
Exchange traded funds.
Closed-end mutual funds.
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15. Which of the following pooled investments is most likely characterized by a few large investments?
Hedge funds.
Buyout funds.
Venture capital funds.
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